Extensuation circumstance on bankruptcies are considered:
"nonrecurring events that are beyond the borrower's control that result in a sudden significant and prolonged reduction in income or a catastrophic increase in financial obligations."
Circumstances must be documented and verified.
Credit must be perfect after BK, as well.
You can get back i nto the market with FHA or VA after 2 years of the discharge date.
Didn't your Attorney explain this before you filed?
I expect that Lenders are going to be flexible with people who went through Foreclosures and Shortsales; they will need the business, and there are so many victims out there.
But BK's have been with us for many years; I do not anticipate the same level of flexibility.